United Kingdom
Tax & Regulation | 12 Dec 16
FCA fines down more than 97% in 2016
The UK’s Financial Conduct Authority (FCA) netted £22.2m ($27.9m, €26.4m) in fines against 23 financial institutions during 2016, a more than 97% drop from last year, reports the Guardian.
Tax & Regulation | 12 Dec 16
Footballers strike HMRC deal to slash tax bills on image rights
Around 180 football stars are using ‘companies as pension pots’ to save tax on their earnings after their clubs struck a deal with HM Revenue and Customs (HMRC).
Mike Coady departs deVere Group with ‘immediate effect’
Michael Coady has stepped down as managing director of deVere United Kingdom, deVere Mortgages and as chairman of UK Workplace Solutions; the three deVere Group brands in the UK.
Best Practice | 9 Dec 16
Six things the UK gov’t can do to deter pension scammers
The UK Government’s proposed ban on pensions cold-calling will deter scammers but must be just the start of a concerted effort to drive fraudsters out of the market, says AJ Bell.
Investment | 9 Dec 16
Greater diversification needed for 2017, says Kleinwort Hambros
Investors should diversify their portfolios as broadly as possible in order to protect against fresh risks in the economy throughout 2017, Kleinwort Hambros has said.